Stephen Baldwin pleads guilty to tax evasion

“The Usual Suspects” star was arrested in New York in December amid charges he owed $350,000 in back taxes to the U.S. Internal Revenue Service for the years 2008, 2009, and 2010.

Baldwin recently reached an agreement with prosecutors to avoid jail time, and on Friday he entered his plea at the Rockland County Court and agreed to pay the outstanding sum, as well as $50,000 in interest and penalties.

According to the judge, the actor has already paid $100,000 in restitution and if he settles the remaining sum in one year, his record will be wiped clean, reports the Associated Press.